Yahia.Awes
Long

#USOIL in a bullflag, long here tight stops

FX:USOIL   Crude Oil (WTI)
1289 15 24
Looks like a bullflag to me, the horizontal support is holding for the third time. This time there is a nice bullish divergence in the RSI to see.

Shorting this makes no sense to me at least the first target is 49. Further details are in the chart. Remember I post when HOT, this chart is posted HOT.
Comment: Breakout traders we broke up too hard... >.<
snapshot
Comment:
snapshot
Comment: 30 min uptrend channel
snapshot
What do you think. Any chance that was a false break or is the bullish case over?
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Yahia.Awes tbuckle
As you can see it has been fallen out of the 30min channel I posted above. I cannot update the idea every second, so this is the base for a setup, but I might change my mind when the market decides other.
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tbuckle PRO Yahia.Awes
So you think for the time being the bull flag is invalidated since the channel broke, however, things could change and that might have been a false break....correct?
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thans for sharing chart vvvv great knowledge
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snapshot


Price went, wick was delicious
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I smell the 55-60 area could be a magnet.
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OmegaJ Yahia.Awes
got to break that purple line... =)
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Once that goes away could become unstopable
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OmegaJ Yahia.Awes
Loaded tons of shorts at the wick.. superb r/r. Loading more after breakout hehe
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OmegaJ OmegaJ
longs*
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